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A result to the system of mercantilism then existing, it rests as the foundation of classical economics. The Wealth of Nations in time won him a massive reputation and would turn out to be practically the most significant work on economics ever published. Though often look upon as the bible of capitalism, it is severely important of the limitations of unreserved free endeavor and cartel.
Karl Marx studied law and philosophy, and was primarily influenced by the works of G. W. F. Hegel. Marx discarded the optimism of Hegel and developed a more materialistic theory of history as science, ultimately predicting that the triumph of the working class was unavoidable...
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